Today's university graduates are faced with a tough job market and thousands of dollars in loans to repay. This often makes choosing to work in traditionally low-paying fields such as public service a tough decision. However, under the College Cost Reduction Act, graduates can reduce or eliminate their loans by entering into a career in the military, volunteering,
teaching or practicing law or medicine in low-income communities.
CNN Money has an article about how specific provisions in the College Cost Reduction Act of 2007 can help recent graduates.
CNN Money has an article about how specific provisions in the College Cost Reduction Act of 2007 can help recent graduates.
Under the College Cost Reduction and Access Act of 2007, two federal loan forgiveness programs could provide greater assistance to those who decide to pursue careers that serve the public. Income-Based Repayment (IBR) and Public Service Loan Forgiveness (PSLF) could make student loan forgiveness much more accessible to the masses.We encourage you to read the entire article to learn more about the two provisions, as well as visit the Department of Labor's website for the IBR and PSLF provisions.
"Both of these programs are much more widely available than anything that's been available in the past," says Irons.
it looks horrible but nowadays most of young people are slaves of financial system